Project Accounting

CMAP's Finance Tab centralizes all of the project accounting tools your finance team will ever need

 

CMAP Project Accounting tools centralise cost rates, rate cards & roles to ensure consistent job costing & accurate profit calculation across your business

Roles & Rates

Centralize control of your company roles, rate cards, and cost rates to guarantee consistent job costing & profit calculation across your business.

  • Fee Estimator Roles feed CMAP's Fee Estimator tool during the job costing stage. Add new roles to your organisational map, edit existing ones & archive the roles that you no longer require 
  • Rate Cards define the standard rates associated with each of your roles and automatically feed CMAP's Fee Estimator tool. Create, edit & store custom rates to meet negotiated fees with specific clients or update your standard rates.
  • Role Cost Rates define the actual hourly cost of each role to your business. CMAP automatically factors actual cost rates into live project performance reporting to work out your true profit on each of your projects.
  • Organise roles & rates by different office locations & teams, depending on your organizational map

FREE GUIDE TO COST RATES

CMAP offers multi-currency job costing & billing functionality. Manage currencies & exchange rates in the finance tab of CMAP.

Currencies & FX Rates

CMAP provides all of the multi-currency functionality you'll ever need to manage your international client-base:

  • Quote & bill your clients in any currency.
  • Manage the currencies available to your project managers in CMAP for project costing and for managing billing arrangements.
  • Set current exchange rates for each of your available currencies to ensure accuracy in project costing & billing.
CMAP project management software integrates with popular accounting packages such as XERO, Sage & QuickBooks

Finance Integrations

Seamlessly connect your project finances to your accounting package with CMAP.

We integrate with a range of popular accounting packages to save your finance team a whole lot of time & effort by eliminating the need to re-key crucial project accounting information. Including:

  • Sage
  • QuickBooks
  • XERO

Visit our integrations area for more information on how CMAP integrates with your accounting software:

VIEW FINANCE INTEGRATIONS

Screenshot of additionals area in CMAP. Manage purchase invoices & 3rd party costs through CMAP

Purchase Invoices

Recording 3rd party costs & additionals in CMAP automatically feeds into live project performance reports so that you benefit from seeing the full picture when it comes to the financial performance of your projects.

There are multiple ways to manage vendor invoices in CMAP

  • Record individual transactions via the Single Line Purchasing Tool. Useful when recording invoices which require a minimal amount of information
  • Manage bulk purchases or transactions using the Purchase Invoice Tool by creating manual batches or uploading CSV files
  • The Fee Estimator tool enables budgeting for 3rd party costs via a dedicated Additionals panel before the project even starts
  • Additionals can be recorded via the project's associated Budget vs Actual page by users who don't have access to the Finance Tab in CMAP.
Screenshot of revenue recognition tools in CMAP's Finance Tab - for generating accurate project accounting reports

Revenue Recognition

Spread the value of your projects across their lifetime, based on how much of the project value has actually been earnt.

A Revenue Phasing Grid sits on the Project Details page of each project in CMAP so you can forecast the spread of your revenue; either manually or automatically.

CMAP ultimately gives you the flexibility to choose exactly how you recognize revenue via:

  • % Completes
  • Invoiced amount
  • Manual

Revenue recognition is further supported by CMAP's Close Month tool, which locks invoicing for that month to feed some powerful revenue recognition reports in the background.

MORE ON REVENUE RECOGNITION

Expense Categories - admin - consulting - web

Self Serve With 75+ Fixed Admin Configuration Tools

CMAP's self-serve set up combines the tailored benefits of a bespoke solution with the power and flexibility of the cloud.

There are over 75 fixed configurations you can choose from to optimize your CMAP experience. Finance-based settings include:

  • System currencies & exchange rates
  • Cost rates & rate cards
  • Default tax rates & GL nominal codes
  • Bulk import/export of invoices & expenses
TELL ME MORE 

Panel 2 Central headline, central text area, central bottom-aligned image, bg white or grey

Secondary Level Text

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur vehicula odio vitae nibh consequat accumsan. Nulla aliquam condimentum ultrices. Phasellus quis ligula vel leo molestie fringilla sed ut quam.

Secondary Level Text

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur vehicula odio vitae nibh consequat accumsan. Nulla aliquam condimentum ultrices. Phasellus quis ligula vel leo molestie fringilla sed ut quam.

Secondary Level Text

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur vehicula odio vitae nibh consequat accumsan. Nulla aliquam condimentum ultrices. Phasellus quis ligula vel leo molestie fringilla sed ut quam.

Secondary Level Text

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur vehicula odio vitae nibh consequat accumsan. Nulla aliquam condimentum ultrices. Phasellus quis ligula vel leo molestie fringilla sed ut quam.

large-screenshot.png

Choose Your Edition

To see how else CMAP can support your business, select the Edition that's right for you:

Architect_icon.png

Architects & Engineers

Integrated project management for AEC firms. Click through to find out how CMAP can grow your business.

mgmt2

Business Consultants

Keep your Consultants off the bench & busy on profitable projects with CMAP PSA Software for Consultancies.

creative

Creative Agencies

From digital, to design, to full-service; no matter what your agency specialises in, CMAP helps you get paid for what you do.

medcomms

Healthcare Communications

Deliver projects on time & on budget with our PSA software solution for Life Sciences Consultancies

Additional Information - Pricing / Bofu

Etiam eleifend magna elit, consectetur eleifend erat ultricies at. Nam interdum eros sed purus lit aliquam condimentum lacinia. Proin scelerisque varius magna, quis elementum augue mollis et. Etiam eleifend magna elit, consectetur eleifend erat ultricies at.

Software should make life as easy as possible and that’s exactly what CMAP does.

– Rik Bijmholt, Founder, Anderson MacGyver

Within a short space of time after moving to CMAP, our turnover increased by 67% & staff numbers grew by nearly 20% without the need to recruit any additional administrative staff, which would have been unthinkable before.

– John Haynes, Director, IDP

As a growing company, we were looking for a software solution that would help us increase efficiency with invoicing & managing our accounting processes. CMAP offers all of this and more! We see CMAP as an essential tool to help us meet our future business objectives

– Louise Bates, Senior Consultant, Fingerpost Consulting